This paper presents a dynamic competitive equilibrium model in which heterogeneity in time preferences alone can … generate the observed patterns of wealth and income inequality in the United States. This model generalizes the standard …

How does inequality motivate people and at what cost? We develop a model of perpetual youth with heterogeneous upward … survival depends on health capital produced from time investment and health goods. Higher fundamental inequality, working … inequality worsen because the poor have less capacity to respond. By diverting resources from health production, aspirations also …

The aim of this paper is to investigate the relationship between increasing inequality and financial fragility in an … evolution of the economic system. Preliminary results show that more inequality rises macroeconomic volatility, increasing the …

The hypothesis is that Pareto and Kaldor-Hicks Efficiency have an aspect of sustainability in relation to inequality …. The analysis finds efficient situations reached increasing inequality as diminishing in the long term effective demand in …

predictions for mean and median ages of vehicles. The model predicts that higher levels of income inequality lead to older vehicle …

Using the Chinese urban household survey data between 1997 and 2006, we find that income inequality has a negative … inequality can strengthen the incentives of status-seeking savings by increasing the benefit of improving status and enlarging … the wealth level that is required for status upgrading. We also find that the negative effect of income inequality on …

cross sectional inequality in consumption originating from the second model, even after controlling for household size using … parameterization. We find a similar number for total cross sectional inequality. …